Trimox Energy Inc.
TSX VENTURE : TRM.A
TSX VENTURE : TRM.B

Trimox Energy Inc.

January 17, 2007 09:00 ET

Trimox Energy Inc. Announces Termination of Sale to Titan Exploration Ltd.

CALGARY, ALBERTA--(CCNMatthews - Jan. 17, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Trimox Energy Inc. (TSX VENTURE:TRM.A)(TSX VENTURE:TRM.B) ("Trimox"), announces that the arrangement with Titan Exploration Ltd. ("Titan") (TSX:TTN.A)(TSX:TTN.B) whereby Titan agreed to acquire all of the issued and outstanding Class A Shares and Class B Shares of Trimox has been terminated. Titan gave notice to Trimox on January 16, 2007 of its intention to not proceed with the arrangement and Trimox agreed to terminate. The arrangement was not terminated as a result of failure or anticipated failure of the shareholders of Trimox to approve the arrangement. Management anticipates that the meetings of the shareholders of Trimox approving the arrangement scheduled for January 17, 2007 will be adjourned indefinitely and/or terminated.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Trimox Energy Inc.
    Steve Dabner
    President & C.E.O.
    (403) 216-1721
    Email: steved@trimox.ca
    or
    Trimox Energy Inc.
    Thomas Love
    Chairman & C.F.O.
    (403) 216-1722
    Email: toml@trimox.ca